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Mahkota Parade

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Mahkota Parade was the first 'regional' shopping centre located in the commercial and tourist centre situated in the heart of Melaka town.

Mahkota Parade is positioned as the leading shopping centre in the Melaka region. The centre also serves as a key destination for major community events and exhibitions. Mahkota Parade was awarded by the International Council of Shopping Centers (ICSC) with a Silver Award for Marketing Excellence at the 2009 ICSC Asia Awards.

Mahkota Parade was re-launched on May 1, 2010, following a complete refurbishment. The revitalised shopping centre improved the overall shopping experience for customers. The refurbishment is part of Hektar's continuing efforts to invest in the Melaka market and maintain Mahkota Parade as the leading shopping centre in the state.

Location No. 1 Jalan Merdeka
75000 Bandar Melaka
Melaka
MALAYSIA
TitleLeasehold (Until 2101)
Primary Trade Area350,000 within 15-mins drive time
Gross Floor Area1,008,669 sq ft
Net Lettable Area461,067 sq ft
Car Park1,076
ValuationRM283.0 million
Tenants*105
Key TenantsParkson, Ampang Superbowl, Giant
Occupancy96.1%
Visitor Traffic7.2 million
Year Opened1994
Year Acquired by REIT2006
Year RefurbishedDue to Complete in April 2010

Data as of 31 December 2010. * Only NLA Lots

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Mahkota Parade

Mahkota Parade's Top Ten Tenants


Tenant Trade Sector NLA (sq ft) % of Total
NLA
% of Monthly
Rental Income*
1 Parkson Department Store 113,389 24.6% 11.3%
2 Ampang Superbowl Leisure & Entertainment 36,717 8.0% 3.7%
3 KFC Food & Beverage 5,403 1.2% 2.7%
4 McDonald's Food & Beverage 5,942 1.3% 2.2%
5 The Reject Shop Fashion & Footwear 8,503 1.8% 2.1%
6 Subzero Jeans Fashion & Footwear 2,266 0.5% 1.5%
7 Sibaraku Food & Beverage 9,526 2.1% 1.5%
8 Subzero Jeans Fashion & Footwear 5,027 1.1% 1.4%
9 Giant Department Store 24,143 5.2% 1.3%
10 Toy City Gift/Specialty 6,910 1.5% 1.3%
  Top 10 Tenants
(By Monthly Rental Income)
  217,826 47.3% 29.0%
  Other Tenants   243,241 52.7% 71.0%
  Total   461,067 100.0% 100.0%

* Based on monthly rental income for December 2010.

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Mahkota Parade's Tenancy Mix

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Mahkota Parade's Expiry Profile


For Year Ending
31 December
No. of Tenancies
Expiring
NLA of Tenancies
Expiring
(sq ft)
NLA of Tenancies
Expiring as % of
Total NLA
% of Total Monthly
Rental Income*
FY 2011 35 257,257 56% 45%
FY 2012 28 54,069 12% 15%
FY 2013 34 54,537 12% 24%
FY 2014 3 10,789 2% 2%

* Based on monthly rental income for December 2010.

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